2021 has been a great year for Nigerian startups with the country registering a record number of billion-dollar startups.
This traction has however been of a wider scale, with the US ambassador to Nigeria revealing that Nigerian creators were the recipients of 60% of venture funding from her country into the continent.
Africa-based tech startups have raised more than $2.9 billion in 2021 alone.
“Nigerian startups, which are creating new products, services, and platforms, raised $1.7 billion of this total or about 60% of it. Africa boasts a total of seven tech ‘unicorns’ or companies valued at over $1 billion.”